Midland Exploration (TSXV:MD) Change In Receivables : C$-0.07 Mil (TTM As of Jun. 2024)

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What is Midland Exploration Change In Receivables?

Midland Exploration's change in receivables for the quarter that ended in Jun. 2024 was C$-0.18 Mil. It means Midland Exploration's Accounts Receivable increased by C$0.18 Mil from Mar. 2024 to Jun. 2024 .

Midland Exploration's change in receivables for the fiscal year that ended in Sep. 2023 was C$-0.19 Mil. It means Midland Exploration's Accounts Receivable increased by C$0.19 Mil from Sep. 2022 to Sep. 2023 .

Midland Exploration's Accounts Receivable for the quarter that ended in Jun. 2024 was C$0.28 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Midland Exploration's Days Sales Outstanding for the three months ended in Jun. 2024 was 437.37.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Midland Exploration's liquidation value for the three months ended in Jun. 2024 was C$4.07 Mil.

Midland Exploration Change In Receivables Historical Data

The historical data trend for Midland Exploration's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Midland Exploration Change In Receivables Chart

Midland Exploration Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Receivables

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-0.19

0.24

0.19

0.04

-0.19

Midland Exploration Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Change In Receivables	Get a 7-Day Free Trial															0.04	-0.04	0.10	0.05	-0.18

Midland Exploration Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.07 Mil.

Midland Exploration (TSXV:MD) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Midland Exploration's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.278	/	0.058	*	91
=	437.37

2. In Ben Graham's calculation of liquidation value, Midland Exploration's accounts receivable are only considered to be worth 75% of book value:

Midland Exploration's liquidation value for the quarter that ended in Jun. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	6.917	-	3.052	+	0.75 * 0.278	+	0.5 * 0
=	4.07

Midland Exploration Change In Receivables Related Terms

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Midland Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Midland Exploration Inc (TSXV:MD) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

MIDLF:USA

Address

1, Place Ville Marie, Bureau 4000, Montreal, QC, CAN, H3B 4M4

Website

https://www.midlandexploration.com

Midland Exploration Inc is a company in the mining exploration business. The Corporation's operations include the acquisition and exploration of mining properties in Canada. The company has multiple projects comprising Adam, Casault, Heva, Jouvex, Laflamme, Lewis, Maritime-Cadillac, Mythril, Mythril Regional, Soissons, Nachicapau, Noyelles, Willbob, and others.

Executives

Jean Des Rivieres

Director